Climb Credit Inc.
55 Port Street East L5G 4P3 Mississauga, ON, Canada

The numbers are in...and in 2020, Canadian consumer insolvencies fell to the lowest level in two decades, and were down 30% from 2019. #consumerinsolvencies #bankruptcy #consumerproposals

Is a generational shift happening? According to a new report from Hoyes Michalos, the share of #insolvencies among debtors aged 50+ has increased to nearly 30%, while the share among younger Canadians has declined.

Rebuilding credit takes time. It doesn't happen overnight. But with motivation and the right habits, it's totally achievable!! It's never too late (or too early) to get started! #motivation #inspiration #rebuildyourcredit #creditbuilding #credit #moneymatters #financialtips #personalfinances #moneyinspo #financialtipoftheday #moneyquote #financialliteracy

Worried about credit card fraud? With cybercrime on the rise, it's important to know how to protect yourself. Here are some tips from the Financial Consumer Agency of Canada (FCAC): 1. Keep your credit card in a safe place 2. Limit the number of credit cards you carry with you 3. Cover the keypad with your hand or body when entering your PIN so no one can see it... 4. Keep your credit card in sight at all times when making a purchase 5. Report anything you think is suspicious about a credit card device at a business or ATM to the business’s head office and your credit card issuer Learn more: https://www.canada.ca//financia/services/credit-fraud.html

When it comes to credit reports, mistakes can happen! That's why it's good to know what you're looking at when checking your report. In this blog post, we show you how to read and understand your credit report the easy way. #creditreport #creditscore #financialliteracy

Recently finished your #consumerproposal? That's amazing! Here are 6 things you can do next to continue down your path to financial freedom: 1. Make sure your Certificate of Full Performance is recorded 2. Get your credit report checked (through a credit consultation) 3. Identify a new financial goal... 4. Get advice if you’re looking for a mortgage, car loan, or line of credit 5. Resist the temptation to overspend 6. Save the money you were putting towards your consumer proposal Learn more here...

Though it's troubling to hear that more Canadians are in a place where they're considering bankruptcy or consumer proposal, we're happy to hear that the #stigma around #insolvency is fading.

November is #FinancialLiteracyMonth and to mark the occasion CPA Canada has released it's national "Canadian Finance Study 2020". Some interesting findings from the study include: 1/3 of Canadians say their money management stress has increased due to the COVID-19 pandemic.... 3 in 10 say their income has decreased as a result of COVID-19. 55% say they're spending less on average. 2 in 10 say they plan to retire later as a result of COVID-19. See more

Have you finished (or almost finished) your consumer proposal? Congratulations, that's a huge accomplishment!! With that behind you, you're probably wondering what life after consumer proposal looks like. Up on the blog... we talk about what to expect and what you can do today to set yourself up for financial success. Check it out.... #consumerproposal #financialsuccess #personalfinances

However you're celebrating #Halloween this year, we wish you a safe and spooky time!